The deal to save HMV records is done for $1.15 Million U.S. to Sunrise

Ontario-based Sunrise Records paid USD$1.15 million for HMV's assets and business, documents show. Canadian music store mogul Douglas Putnam bought HMV out of administration earlier this month. The Canadian company has so far reopened seven of the 27 HMV stores that were closed down as part of a deal with KPMG.